Saturday, March 26, 2011

THE CHINA POST: Disaster-recovering industries only looking at short-term bottlenecks

It will take time, possibly around six months, before the Japanese automotive and other industries hit hard by the March 11 earthquake and tsunami will achieve a full recovery. However, most partial operations could be resumed much sooner, as early as the start of April.

Regarding the auto industry in Thailand, where Japanese firms are among the major players, there will be short-term negative impacts due to the shortage of some parts and components from Japan. This disruption is happening at a time when demand for locally-assembled vehicles continues to grow strongly, with production targets for both domestic and export sales projected to rise by 20 percent from last year's figures.